§ 2585. Application and effect of subchapter.
(a) General rule.--Except as otherwise provided in this section, this subchapter shall apply to every business combination transaction relating to a business operation if such business operation was owned by a registered corporation (or any subsidiary thereof) at the time of a control-share approval with respect to the corporation (regardless of the fact, if such be the case, that such operation after the control-share approval is owned by the registered corporation or any other person).
(b) Exceptions.--This subchapter shall not apply to:
(1) Any business combination transaction occurring more than five years after the control-share approval of the registered corporation.
(2) Any business operation located other than in this Commonwealth.Section: Previous 2568 2571 2572 2573 2574 2575 2576 2581 2582 2583 2585 2586 2587 2588 Next
Last modified: October 8, 2016